The impact of COVID‐19 government responses on remittances in Latin American countries

Workers' remittances declined sharply as the COVID‐19 pandemic spread in the first half of 2020, rebounding in the second half. This paper analyses the impact of containment and economic support measures on remittances sent to Latin America during 2019–2020 using a gravity model estimated with...

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Detalles Bibliográficos
Autores principales: Cardozo Silva, Adriana R., Diaz Pavez, Luis R., Martínez‐Zarzoso, Inmaculada, Nowak‐Lehmann, Felicitas
Formato: Online Artículo Texto
Lenguaje:English
Publicado: John Wiley and Sons Inc. 2021
Materias:
Special Issue Articles
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9015562/
https://www.ncbi.nlm.nih.gov/pubmed/35465459
http://dx.doi.org/10.1002/jid.3606
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author Cardozo Silva, Adriana R.
Diaz Pavez, Luis R.
Martínez‐Zarzoso, Inmaculada
Nowak‐Lehmann, Felicitas
author_facet Cardozo Silva, Adriana R.
Diaz Pavez, Luis R.
Martínez‐Zarzoso, Inmaculada
Nowak‐Lehmann, Felicitas
author_sort Cardozo Silva, Adriana R.
collection PubMed
description Workers' remittances declined sharply as the COVID‐19 pandemic spread in the first half of 2020, rebounding in the second half. This paper analyses the impact of containment and economic support measures on remittances sent to Latin America during 2019–2020 using a gravity model estimated with the Poisson pseudo‐maximum likelihood estimator (PPML). Results show that containment measures in receiving countries mainly explain the fall in remittance flows, whereas the effect of economic support measures is not robust. Among the traditional explanatory factors, the business cycle and the real exchange rate in receiving countries explain the subsequent recovery of remittances.
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spelling pubmed-90155622022-04-19 The impact of COVID‐19 government responses on remittances in Latin American countries Cardozo Silva, Adriana R. Diaz Pavez, Luis R. Martínez‐Zarzoso, Inmaculada Nowak‐Lehmann, Felicitas J Int Dev Special Issue Articles Workers' remittances declined sharply as the COVID‐19 pandemic spread in the first half of 2020, rebounding in the second half. This paper analyses the impact of containment and economic support measures on remittances sent to Latin America during 2019–2020 using a gravity model estimated with the Poisson pseudo‐maximum likelihood estimator (PPML). Results show that containment measures in receiving countries mainly explain the fall in remittance flows, whereas the effect of economic support measures is not robust. Among the traditional explanatory factors, the business cycle and the real exchange rate in receiving countries explain the subsequent recovery of remittances. John Wiley and Sons Inc. 2021-12-30 2022-05 /pmc/articles/PMC9015562/ /pubmed/35465459 http://dx.doi.org/10.1002/jid.3606 Text en © 2021 The Authors. Journal of International Development published by John Wiley & Sons Ltd. https://creativecommons.org/licenses/by-nc/4.0/This is an open access article under the terms of the http://creativecommons.org/licenses/by-nc/4.0/ (https://creativecommons.org/licenses/by-nc/4.0/) License, which permits use, distribution and reproduction in any medium, provided the original work is properly cited and is not used for commercial purposes.
spellingShingle Special Issue Articles
Cardozo Silva, Adriana R.
Diaz Pavez, Luis R.
Martínez‐Zarzoso, Inmaculada
Nowak‐Lehmann, Felicitas
The impact of COVID‐19 government responses on remittances in Latin American countries
title The impact of COVID‐19 government responses on remittances in Latin American countries
title_full The impact of COVID‐19 government responses on remittances in Latin American countries
title_fullStr The impact of COVID‐19 government responses on remittances in Latin American countries
title_full_unstemmed The impact of COVID‐19 government responses on remittances in Latin American countries
title_short The impact of COVID‐19 government responses on remittances in Latin American countries
title_sort impact of covid‐19 government responses on remittances in latin american countries
topic Special Issue Articles
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9015562/
https://www.ncbi.nlm.nih.gov/pubmed/35465459
http://dx.doi.org/10.1002/jid.3606
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